Civic Intelligence

Housing Corporation of Beta Beta Of

990 • Fiscal year 2016 • EIN 38-0346983

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 12, 2016

616 Mac AvenueEast Lansing, MI 48823

(517) 332-6115

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Net Margin

84th percentile

23%

Higher net margin than 84% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Asset Growth

86th percentile

12%

Faster asset growth than 86% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

34th percentile

-1.4%

Faster revenue growth than 34% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,127,743

Up $119,155 (+12%) from 2015

Net Assets

Up

$1,127,743

Up $119,155 (+12%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$518,903

Down $7,469 (-1.4%) from 2015

Expenses

Down

$399,748

Down $19,692 (-4.7%) from 2015

Net Income

Up

$119,155

Up $12,223 (+11%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $719,744Liabilities 2012: $0Net Assets 2012: $719,7442012Assets 2013: $793,111Liabilities 2013: $0Net Assets 2013: $793,1112013Assets 2014: $901,656Liabilities 2014: $0Net Assets 2014: $901,6562014Assets 2015: $1,008,588Liabilities 2015: $0Net Assets 2015: $1,008,5882015Assets 2016: $1,127,743Liabilities 2016: $0Net Assets 2016: $1,127,7432016Assets 2017: $1,241,770Liabilities 2017: $1,758Net Assets 2017: $1,240,0122017Assets 2018: $1,310,172Liabilities 2018: $1,529Net Assets 2018: $1,308,6432018Assets 2019: $1,346,036Liabilities 2019: $0Net Assets 2019: $1,346,0362019Assets 2020: $1,394,743Liabilities 2020: $0Net Assets 2020: $1,394,7432020Assets 2021: $1,443,559Liabilities 2021: $0Net Assets 2021: $1,443,5592021Assets 2022: $1,550,037Liabilities 2022: $13,761Net Assets 2022: $1,536,2762022Assets 2023: $1,684,127Liabilities 2023: $0Net Assets 2023: $1,684,1272023Assets 2024: $1,791,358Liabilities 2024: $0Net Assets 2024: $1,791,3582024Assets 2025: $1,956,567Liabilities 2025: $46,167Net Assets 2025: $1,910,4002025

Highlighted filing

2016

Assets$1,127,743
Liabilities$0
Net Assets$1,127,743

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0Expenses 2012: $351,8802012Revenue 2013: $483,560Expenses 2013: $410,193Net Income 2013: $73,3672013Revenue 2014: $506,060Expenses 2014: $397,515Net Income 2014: $108,5452014Revenue 2015: $526,372Expenses 2015: $419,440Net Income 2015: $106,9322015Revenue 2016: $518,903Expenses 2016: $399,748Net Income 2016: $119,1552016Revenue 2017: $547,990Expenses 2017: $435,720Net Income 2017: $112,2702017Revenue 2018: $546,863Expenses 2018: $478,232Net Income 2018: $68,6312018Revenue 2019: $540,176Expenses 2019: $502,783Net Income 2019: $37,3932019Revenue 2020: $486,991Expenses 2020: $437,030Net Income 2020: $49,9612020Revenue 2021: $471,810Expenses 2021: $421,741Net Income 2021: $50,0692021Revenue 2022: $576,610Expenses 2022: $482,598Net Income 2022: $94,0122022Revenue 2023: $632,732Expenses 2023: $533,994Net Income 2023: $98,7382023Revenue 2024: $631,599Expenses 2024: $524,368Net Income 2024: $107,2312024Revenue 2025: $651,286Expenses 2025: $532,244Net Income 2025: $119,0422025

Highlighted filing

2016

Revenue$518,903
Expenses$399,748
Net Income$119,155
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 12, 2016
Return Version
2015v2.1
Gross Receipts
$518,903
Mission and Program Overview

Mission

Provide safe and affordale housing to the members of beta beta chapter of alpha phi.

Provide safe and affordable housing to the members of the beta beta chapter of alpha phi

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$462,618$450,021▼ $12,597
Land, Buildings, and Equipment, Net$313,638$445,052▲ $131,414
Savings and Temporary Cash Investments$232,332$232,670▲ $338
Total Assets$1,008,588$1,127,743▲ $119,155
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,008,588$1,127,743▲ $119,155
Total Net Assets Fund Balance$1,008,588$1,127,743▲ $119,155
Total Liabilities and Net Assets / Fund Balance$1,008,588$1,127,743▲ $119,155

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$399,557$536,053$935,610
Equipment$41,795$385,828$427,623
Land$3,700-$3,700
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alyssa YarrishChapter President
Kelly Benedetti WalshPresident
Christy GubbinsBoard Member
Darcy MillikenBoard Member
Joy Sayed MurrayBoard Member
Michelle Horne TideringtonBoard Member
Mollie Ballmer BortBoard Member
Nancy WeinertBoard Member
Melissa WagasySecretary
Lorie DietzTreasurer
Jackie BusseVP Chapter Operations
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$518,090
Investment Income
$813
Other Revenue
$0
Change in Net Assets
$119,155
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$309,886
Salaries, Compensation, and Employee Benefits$89,862
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$86,942
Other Salaries and Wages---$80,327
Depreciation Depletion---$37,918
Fees for Services Accounting---$34,746
Insurance---$12,994
Payroll Taxes---$9,535
Other Expenses---$6,028
Fees for Services Other---$4,022
Travel---$875
Conferences and Meetings---$762
Total Functional Expenses$0$0$0$399,748
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Per the articles of incorporation, every member must have been recruited to the beta beta chapter of alpha phi international fraternity michigan state college, or into another chapter of alpha phi international.

Form 990, Part VI, Section A, Line 7A

All chapter members vote for their respective representatives that sit on the governing board.

Form 990, Part VI, Section A, Line 8B

There are no committees of the house corporation.

Form 990, Part VI, Section B, Line 11

Form 990 is given to the president of the housing corporation who disseminates the tax return to the governing board of directors electronically. All communication and approval regarding the return is also communicated by electronically.

Form 990, Part VI, Section C, Line 18

Public inspection requirements do not apply to organization. Application for tax exempt status filed by governing organization, alpha phi international fraternity, prior to july 15, 1987. Local organization did not have a copy of form 1023 prior to july 15, 1987. The original group ruling is dated february 1, 1949. Collegiate and alumnae chapters are covered by a group exemption but file a "separate return."

Form 990, Part VI, Section C, Line 19

Public inspection requirements do not apply to organization. Application for tax exempt status filed by governing organization, alpha phi international fraternity, prior to july 15, 1987. Local organization did not have a copy of form 1023 prior to july 15, 1987. The original group ruling is dated february 1, 1949. Collegiate and alumnae chapters are covered by a group exemption but file a "separate return."

Filing and Contact Details

Filer

Filer Name
Housing Corporation of Beta Beta of
EIN
38-0346983
Phone
5173326115
Address
616 MAC AVENUE, EAST LANSING, MI 48823

Signing Officer

Name
Kelly Benedetti Walsh
Title
President
Phone
5173326115
Signed
2016-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Benedetti Walsh
Formed
1922
Legal Domicile
Mi
Voting Board Members
11
Independent Board Members
11
Employees
7
Volunteers
0

Preparer

Firm
Warmels & Comstock Pllc
Address
3505 COOLIDGE ROAD, EAST LANSING, MI 48823
Preparer
Tracey a Mullaney CPA
Phone
5173515508
Raw XML Appendix336 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAPTER PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP CHAPTER OPERATIONS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PER THE ARTICLES OF INCORPORATION, EVERY MEMBER MUST HAVE BEEN RECRUITED TO THE BETA BETA CHAPTER OF ALPHA PHI INTERNATIONAL FRATERNITY MICHIGAN STATE COLLEGE, OR INTO ANOTHER CHAPTER OF ALPHA PHI INTERNATIONAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL CHAPTER MEMBERS VOTE FOR THEIR RESPECTIVE REPRESENTATIVES THAT SIT ON THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES OF THE HOUSE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS GIVEN TO THE PRESIDENT OF THE HOUSING CORPORATION WHO DISSEMINATES THE TAX RETURN TO THE GOVERNING BOARD OF DIRECTORS ELECTRONICALLY. ALL COMMUNICATION AND APPROVAL REGARDING THE RETURN IS ALSO COMMUNICATED BY ELECTRONICALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PUBLIC INSPECTION REQUIREMENTS DO NOT APPLY TO ORGANIZATION. APPLICATION FOR TAX EXEMPT STATUS FILED BY GOVERNING ORGANIZATION, ALPHA PHI INTERNATIONAL FRATERNITY, PRIOR TO JULY 15, 1987. LOCAL ORGANIZATION DID NOT HAVE A COPY OF FORM 1023 PRIOR TO JULY 15, 1987. THE ORIGINAL GROUP RULING IS DATED FEBRUARY 1, 1949. COLLEGIATE AND ALUMNAE CHAPTERS ARE COVERED BY A GROUP EXEMPTION BUT FILE A "SEPARATE RETURN."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PUBLIC INSPECTION REQUIREMENTS DO NOT APPLY TO ORGANIZATION. APPLICATION FOR TAX EXEMPT STATUS FILED BY GOVERNING ORGANIZATION, ALPHA PHI INTERNATIONAL FRATERNITY, PRIOR TO JULY 15, 1987. LOCAL ORGANIZATION DID NOT HAVE A COPY OF FORM 1023 PRIOR TO JULY 15, 1987. THE ORIGINAL GROUP RULING IS DATED FEBRUARY 1, 1949. COLLEGIATE AND ALUMNAE CHAPTERS ARE COVERED BY A GROUP EXEMPTION BUT FILE A "SEPARATE RETURN."
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01008588
IRS990/TotalAssetsEOYAmt01127743
IRS990/TotalAssetsGrp/BOYAmt01008588
IRS990/TotalAssetsGrp/EOYAmt01127743
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/TotalAmt0399748
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01008588
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01127743
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0399717
IRS990/TotalProgramServiceRevenueAmt0518090
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0813
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0518090
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0518903
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01008588
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01127743
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0875
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01008588
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01127743
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0616 MAC AVENUE
IRS990/USAddress/CityNm0EAST LANSING
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048823
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLY BENEDETTI WALSH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05173326115
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOUSING CORPORATION OF BETA BETA OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ALPHA PHI INC
ReturnHeader/Filer/BusinessNameControlTxt0HOUS
ReturnHeader/Filer/EIN0380346983
ReturnHeader/Filer/PhoneNum05173326115
ReturnHeader/Filer/USAddress/AddressLine1Txt0616 MAC AVENUE
ReturnHeader/Filer/USAddress/CityNm0EAST LANSING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048823
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383204593
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WARMELS & COMSTOCK PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03505 COOLIDGE ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EAST LANSING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048823
ReturnHeader/PreparerPersonGrp/PhoneNum05173515508
ReturnHeader/PreparerPersonGrp/PreparationDt02016-09-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRACEY A MULLANEY CPA
ReturnHeader/ReturnTs02016-11-15T15:23:15-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.96$0.05$1.91$0.65$0.53$0.12
2024Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$0.63$0.52$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$0.63$0.53$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.55$0.01$1.54$0.58$0.48$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.47$0.42$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.49$0.44$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.54$0.50$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$0.55$0.48$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$0.55$0.44$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.52$0.40$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.53$0.42$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.51$0.40$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.00$0.79$0.48$0.41$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.00$0.72$0.35